Buy Cyient; target of Rs 600: Dynamic Levels

Cyient has 310 total clients which includes 29 fortune 500 clients and associates across 38 global locations and 21 nationalities. Company’s guiding principle: Fairness, Integrity, Respect, Sincerity, Transparency. Comprehensive Service Portfolio Engineering, Design Led Manufacturing, Data Analytics, Geospatial, and Networks and Operations. Company has expertise across 10 industries. Company’s revenue has jumped by 14.35% YoY from Rs. 726.31 crs to Rs.830.57 crs. Company’s operating profit jumped by 17.99% YoY. Company has given jump of 1.81% QoQ in its revenue, were Net profit was up by 5.76% QoQ.  Net profit margin was at 8.33% for June 16 Quarter. Company has an Operating profit margin of 10.50% for June quarter 2016. Ranked by Zinnov as a leader among global engineering service providers for the fifth consecutive year. Acquired majority stake in Rangsons Electronics, strengthening end-to-end capabilities in integrated engineering, design, and production. Secured the prestigious Pratt & Whitney 2014 Engineering Services Supplier Innovation award for the third time.

We recommend BUY in CYIENT @ 495 with the target of 600.For all recommendations, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.